Update On Sempra's Coast Azul LNG Project -- Total Secures Stake In Project -- December 9, 2020

Locator: 10010AZUL.

Updates

June 24, 2025: update. Anticipated to begin commercial operations in spring 2026.

Original Post

See this post for background. 

Today:

• Sempra Energy and IEnova say their ECA Liquefaction joint venture has signed an equity investment agreement for Total to acquire a 16.6% equity stake in the Energia Costa Azul Phase 1 liquefied natural gas export project; terms are not disclosed. 
• Sempra and IEnova will each retain 41.7% ownership stakes in the project to be located in Baja California, Mexico. 
• Last month, ECA LNG announced it reached a final investment decision for the construction and operation of the ~$2B facility, making it the only LNG-export project in the world to have reached FID so far this year. 
•  Earlier this year, Total signed a 20-year sale and purchase agreement for ~1.7M metric tons/year of LNG from the facility.

Notes From All Over -- Early Evening Edition -- December 9, 2020

Reminder: Schwab recently departed San Francisco. 

From twitter today:

MRO WIth Another Permit In Bailey Field -- December 9, 2020

Breaking: CNBC reporting explosion on SpaceX pad. Unmanned aircraft.

Mark Perry: the pervasive proliferation of preferred pronouns in higher education.

****************************************
Back to the Bakken

Active rigs:

$45.52	12/9/2020	12/09/2019	12/09/2018	12/09/2017	12/09/2016
Active Rigs	15	56	64	53	40

One new permit, #38016:

• Operator: MRO
• Field: Bailey
• Comments:
• MRO has a permit for another Loraas well in Baily oil field
• 38016, MRO, Bailey, Loraas 44-21H, 225 FNL 965 FEL

Approved for confidential status:

• Operator: CLR; six wells; five Gordon Federal wells and one Polk Federal well;

One permit renewed:

• BR: a Hawktail permit in Dunn County

Just Noting For The Archives -- December 9, 2020

Disclaimer: this is not an investment site.  Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. 

Hope no one missed this one:

***********************************
Apple

Link here.  TSMC. There are three chip companies / SoC companies that intrigue me -- TSMC, AWS, and Apple. Apparently Apple is continuing to work on a self-driving car.

Link here. Tim Cook teases the future of Apple Watch: "Think about the amount of sensors in your car."

Link here. AirPods Max development took four years.

The Distillate Story Continues -- EIA -- December 9, 2020

Link here. 

Distillate Fuel Inventories
Week	Date of Report	Change in Millions	Relative to 5-Yr Avg
Week 1	August 26, 2020	1.40	24.0%
Week 2	September 2, 2020	-1.70	23.0%
Week 3	September 10, 2020	-1.70	20.0%
Week 4	September 16, 2020	3.50	22.0%
Week 5	September 23, 2020	-3.40	21.0%
Week 6	September 30, 2020	-3.20	21.0%
Week 7	October 7, 2020	-1.00	23.0%
Week 8	October 15, 2020	-7.20	19.0%
Week 9	October 21, 2020	-3.80	19.0%
Week 10	October 28, 2020	-4.50	17.0%
Week 11	November 4, 2020	-1.60	18.0%
Week 12	November 12, 2020	-5.40	15.0%
Week 13	November 18, 2020	-5.20	11.0%
Week 14	November 25, 2020	-1.40	8.0%
Week 15	December 2, 2020	3.20	8.0%
Week 16	December 9, 2020	5.20	11.0%